Create or modify a retirement benefit

Create or modify a retirement benefit

Create or modify a retirement benefit

You can add or modify a retirement benefit for an employee using the Retirement
Benefits module.

Before you begin

Role required: sn_hr_core.basic or sn_hr_core.manager

About this task

Employees can ask questions about retirement benefits and request to enroll in a
retirement benefit plan by submitting a request through the HR Service Portal. A
retirement benefits case is opened and can be viewed and managed.

Procedure

Navigate to HR
Profile > Retirement Benefits.

Click New to open a retirement benefit record.

Complete the form. (The fields you see depend on how the form is configured and
what fields are selected to display.)

Table 1. HR Retirement Benefit form

Field

Description

Plan

The name of the insurance plan. Click the
Lookup using list icon and select
the plan for the employee.

Employee

The user who requested enrollment. Click the
Lookup using list icon and select
the user.

Plan ID

The identification number of the insurance plan.

Provider

The financial company that provides the retirement
benefit. Fills in when the plan is selected.

Plan type

The type of retirement plan selected.

Coverage
type

Enter the coverage type of the plan. An example is Family
Coverage or Individual Plan.

Not all retirement plans
have coverage type.

Start date

Date when the benefit is active for the employee and
beneficiaries.

End date

Date when the benefit is no longer active for the
employee and beneficiaries.